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1 ili <br />2 <br />4 <br />6 <br />7 1 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />2.3 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />market value in accordance with current practice of the county <br />assessor; or <br />(b) If the subdivider objects to such evaluation he may, <br />at his expense, obtain an appraisal of the property by a qualified <br />real estate appraiser approved by the City, which appraisal may be <br />accepted by the city Council if found reasonable; or <br />(c) The city and subdivider may agree as to the fair marke <br />value. <br />SECTION 8. CREDIT FOR PRIVATE OPEN SPACE. Where private <br />open space for park and recreational purposes is provided in a <br />proposed subdivision and such space is to be privately owned and <br />maintained by the future residents of the subdivision, such areas <br />shall be credited against the requirement of dedication for park <br />and recreation purposes, as set forth in SECTION 6 hereoff, or, the <br />payment of fees in lieu thereof, as set forth in SECTION 7 hereof, <br />provided the city Council finds it is in the public interest to do <br />so, and that the following standards are met: <br />(a) That yards, court areas, setbacks and other open areas <br />required to be maintained by the zoning and building regulations <br />shall not be included in the computation of such private open <br />space; and <br />(b) That the private ownership and maintenance of the <br />open space is adequately provided for by written agreement; and <br />(c) That the use of the private open space is restricted <br />for park and recreational purposes by recorded convenants which <br />